Total household debt in the U.S. hit $185 billion in the second quarter of 2025. The $18.39 trillion increase was tallied from the balances of mortgages, home equity lines of credit (HELOC), auto loans and credit cards. Read Next: Dave Ramsey Says This is the Best Way to Pay Off Debt For You: 5 Types of Cars Retirees Should Stay Away From Buying Debt has increased $4.24 trillion since the last quarter of 2019, according to the New York Fed’s latest Household Debt and Credit Report released in August 2025. ...

A 26-year-old Texas man shocked listeners of “The Ramsey Show” when he revealed he and his wife are half a million dollars in debt—and she doesn’t know the full extent of it. “I need some advice on how I can break it to my wife that we are broke and that we are $500,000 in debt,” the caller, Jim, told co-hosts Dave Ramsey and Rachel Cruze. Credit Cards, Cars And A Big Mortgage Jim explained that he has been handling all the finances in the household while his wife continues spending freely. “She has a c ...